Types of Insurance

Grade 1145 min

aligned to Personal Finance

Learning Objective

I can explain the fundamental differences between various insurance policies and their relevance to personal finance.

Lesson Flow

Watch Video

5 min

What are the different types of Insurance?

Unknown Channel

Practice

14 min

7 questions β€’ Short answer

Exit Ticket

5 min

β€œDuring a severe storm, a tree fell on Michael's house, causing significant damage to the roof and structure. Which type of insurance would help cover the costs of repairing the damage to his house? Aisha is starting a small business delivering baked goods. To legally operate her delivery van, which type of insurance is she required to have, and what does it protect against? James recently had a heart attack and needs ongoing medical treatment and rehabilitation. Which type of insurance would help cover his medical bills and hospitalization costs?”

Teacher Guide

Get the complete package:

  • Answer keys for all questions
  • Differentiation strategies
  • Extension activities
  • Printable student handouts